First Nasdaq Stock Trades 24/7 Onchain as Asian Central Banks, Stablecoins Accelerate
Today’s Focus
The first Nasdaq-listed stock, CNTN, begins 24/7 onchain trading on Canton Network today, using an issuer-led model to bypass the 30-day objection window and landing the first SEC innovation exemption trade ahead of the OKXICE joint venue. Ondo’s USDY overtakes BUIDL to top tokenized treasuries at $2.37B, Malaysia’s central bank launches a three-year RWA exploration, and Asian central banks and stablecoin payment use cases accelerate in tandem.
Industry Flash
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CNTN Becomes First Tokenized Stock, Trading 24/7 Onchain From Today — Nasdaq-listed Canton Strategic Holdings goes live on Canton Network, with TSV operating the venue and Fairmint keeping official ownership records, beating OKXICE to the first SEC innovation exemption trade.
Ondo USDY Overtakes BUIDL to Top Tokenized Treasuries — USDY’s $2.37B market cap passes BUIDL’s $2.16B, resetting the race at the top of tokenized Treasuries as institutional capital keeps flowing into onchain yield products.
Malaysia’s Central Bank Launches Three-Year RWA Tokenization Exploration — BNM solicits use cases through its digital asset innovation hub and industry working group, pushing POC pilots in 2026 and expanding in 2027, with supply chain finance and Islamic finance as signature scenarios.
Hong Kong Fintech Week Opens With Tokenized Deposits and Settlement in Focus — BlackRock, ChinaAMC (HK), HSBC and Standard Chartered share Project Ensemble progress on tokenized deposits and money market funds, as the agenda shifts from issuance to settlement.
Japan’s JPYC Stablecoin Goes Live for Departure Tax Refunds — Tourist refunds flow straight to onchain wallets via Avalanche smart contracts, putting a regulated yen stablecoin in high-frequency cross-border consumption for the first time.
Walmart-Backed OnePay Launches Stablecoin Deposits — Stripe-powered conversion brings USDC from 12 chains straight into Checking accounts, moving stablecoins from trading tools to retail banking on-ramps.
BlackRock, SBI and Startale Explore Yen Stablecoin Link to Money Funds — A three-way MoU studies how tokenized money market funds and JPYSC could interconnect, bringing Japan’s traditional investment products closer to onchain payment rails.
Ethereum-Tokenized Equities Surge 170% in a Year — Onchain volume hits $827M while Hyperliquid-linked perp open interest reaches $1.76B, forming a two-layer spot and derivatives market.
OKX Flash Adds “Hold to Earn” Mode — A 400K USDT prize pool covers 10 tokenized assets including xNVDA, xTSLA and xQQQ, paying out on holdings alone as exchanges compete for RWA retention.
Hong Kong-Regulated Tokenized Gold XAUa Debuts on Sui — Issued by AlphaToken and distributed by TBook, backed by physical gold vaulted in Hong Kong, with PAS permission standards embedding compliance at the transfer layer.
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